Daily News / Global Trends / Market Analysis / Lumber / Sawmilling / Wood Products / Global / North America
October 11, 2018
U.S. softwood lumber demand expected to reach all-time high by 2030
U.S. softwood lumber demand will grow at an annual rate of 2.3 per cent through 2030, which will be higher than the reports projection of real GDP. The demand scenario suggests that U.S. lumber consumption will reach an all-time high by 2030. A detailed analysis of the future consumption of softwood lumber released by ForestEdge and Wood Resources International forecasts in each of the five end-use categories (residential housing, repair and remodeling, non-residential construction, material handling and other) reveals that the category “Non-Residential Construction” will grow at the fastest ...
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